Higher expected inflation causes the demand curve for loanable funds to shift to the _____ and causes the supply curve of loanable funds to shift to the _____.

Select one:

a.

left; left

b.

right; right

c.

left; right

d.

right; left

The unbiased expectations theory of the term structure assumes that forward rates are embedded in the yield curve.

Select one:

True

False

The passage of the Securities Act of 1934 designated that the ________would be the main regulator of financial markets and exchanges in the US?

a.

United States Congress

b.

Federal Reserve Bank

c.

Securities and Exchange Commission (SEC)

d.

United States Treasury

e.

Office of the Comptroller of the Currency